The Enforcement Directorate (ED) conducted raids at multiple locations in Delhi and Goa as part of an ongoing investigation under the Foreign Exchange Management Act (FEMA) targeting suspected hawala operators.
The searches were carried out at premises linked to individuals and entities allegedly involved in illegal foreign exchange transactions and unaccounted money transfers through informal channels.
Officials stated that the operation aimed to uncover financial irregularities and trace the flow of illicit funds suspected to be routed through hawala networks in violation of FEMA provisions.
Documents, digital records, and other evidence were reportedly seized during the raids, and further investigation is underway to identify the full extent of the network and its beneficiaries.
